What are the Historical Developments and Current Growth Metrics of the Cloud Electronic Design Automation Market?
The cloud electronic design automation market has seen considerable growth due to a variety of factors.
• Over the past few years, there has been robust growth in the cloud electronic design automation market size. It is predicted to increase from $7.96 billion in 2024 to $8.59 billion in 2025, with a compound annual growth rate (CAGR) of 7.9%.
The significant growth during the historic period is due to factors like the advanced simulation capabilities, the integration with other cloud services, superior accessibility, and improved security.
What Does Future Hold for The Cloud Electronic Design Automation Market By 2029?
The cloud electronic design automation market is expected to maintain its strong growth trajectory in upcoming years.
• In the upcoming years, it is projected that the cloud electronic design automation market will witness robust growth, ballooning to $11.53 billion by 2029 with a compound annual growth rate (CAGR) of 7.6%.
Factors contributing to this growth during the forecast period include the incorporation of AI and machine learning, the expansion of 5G and IoT, increased emphasis on customization and personalization, advancements in cybersecurity, and the integration of quantum computing. Foreseeable trends for the forecast period encompass AI-facilitated design automation, technological progression, containerization and orchestration, as well as the adoption of multi-cloud and hybrid cloud infrastructures, and the use of predictive analytics and simulation.
What Are The Primary Growth Drivers In The Cloud Electronic Design Automation Market?
The cloud electronic design automation (EDA) market is set to grow as automation demand rises. Automation in this context involves leveraging machines and computers to autonomously operate systems, processes or devices without requiring human intervention. Its increasing popularity is owing to its ability to dramatically enhance productivity, simplify processes, and lower costs in various industries. In the domain of cloud electronic design automation (EDA), automation contributes by facilitating the development of cloud-native EDA tools and pre-configured hardware platforms that function independently of human oversight. For example, a study conducted in June 2022 by Salesforce, a US-based cloud software company in collaboration with Vanson Bourne, revealed a surge in automation demand in over 90% of businesses. The study, which encompassed 600 global enterprise CIOs and IT decision-makers, identified the highest automation demand in areas like research & development, administrative/operations, customer service, and marketing. Hence, the burgeoning demand for automation is fuelling the expansion of the cloud electronic design automation (EDA) market.
What Is The Segmentation Of The Global Cloud Electronic Design Automation Market?
The cloud electronic design automation market covered in this report is segmented –
1) By Type: Computer Aided Engineering, Semiconductor Intellectual Property, IC Physical Design And Verification, Printed Circuit Board And Multi-Chip Module
2) By Deployment Model: Public Cloud, Private Cloud, Hybrid Cloud
3) By Vertical: Automotive, Consumer Electronics, Aerospace And Defense, Industrial, Healthcare, Telecommunication
Subsegments:
1) By Computer Aided Engineering (CAE): Simulation And Analysis Tools, Finite Element Analysis (FEA) Software, Computational Fluid Dynamics (CFD) Software, Thermal And Structural Analysis Tools
2) By Semiconductor Intellectual Property (IP): Processor IP, Interface IP, Analog Or Mixed-Signal IP, Security IP
3) By IC Physical Design And Verification: Place And Route Tools, Design Rule Check (DRC) Tools, Layout Versus Schematic (LVS) Tools, Timing Analysis Tools
4) By Printed Circuit Board (PCB) And Multi-Chip Module (MCM): PCB Design Tools, MCM Design Tools, PCB Fabrication And Manufacturing Solutions, Signal Integrity Analysis Tools
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Which Emerging Market Trends Are Altering The Cloud Electronic Design Automation Industry?
Leading firms in the cloud electronic design automation market are pioneering advanced technologies, including disruptive cloud-based SaaS solutions, to increase their market revenues. A disruptive cloud-based SaaS solution is a software-as-service (SaaS) tool that capitalizes on cloud computing to revolutionize a certain industry or market by granting easy admittance to robust tools. For example, in April 2022, Synopsys Inc, an American electronic design automation enterprise, introduced a disruptive cloud-based Software-as-a-Service (SaaS) solution named synopsys cloud 4.0, targeted at evolving the chip development. This cloud-based SaaS solution intends to expedite and democratize chip design by offering easy admission to deep-rooted tools and resources, consequently assisting semiconductor businesses to innovate swiftly, more streamlined, and effectively.
Who Are the Key Players In The Cloud Electronic Design Automation Market?
Major companies operating in the cloud electronic design automation market are:
• Siemens AG
• Sonnet Software Inc.
• Dolphin Design
• OneSpin Solutions GmbH
• Real Intent Inc.
• Concept Engineering GmbH
• Blue Pearl Software Inc.
• Agnisys Inc
• Agilent technologies
• Dassault Systèmes
• TektronixInc.
• Keysight Technologies
• Synopsys Inc.
• Autodesk Inc
• Cadenece Design System
• Forte Design Systems
• Xilinx Inc.
• ANSYS Inc.
• Frontline PCB Solutions
• CircuitSutra Technologies Pvt. Ltd.
• JEDA Technologies
• Mentor Graphics Corporation
• Nimbic Inc.
• Lattice Semiconductor Corporation
• AWR Corporation
• Zuken Inc.
• Tanner EDA
• Empyrean Software
What Are The Regional Insights Into The Cloud Electronic Design Automation Market?
North America was the largest region in the cloud electronic design automation market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cloud electronic design automation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
